HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: September 27, 2011
AGENDA ITEM NO.
ITEM TITLE:
Resolution of the City Council of the City of National City authorizing a re -allocation of $500,000 from the 8th Street
Improvement (Palm Avenue to Paradise Valley Road) to two projects; 1) $300,000 to the 8th Street Improvement —
Highland to Palm Project and 2) $200,000 to the 4th Street Community Corridor Project (Funded by 2011 Tax
Allocation Bond (Capital Improvement Projects))
PREPARED BY: Barby Tipton DEPARTMENT: develop e ices /
PHONE: 619-336-4583 APPROVED BY. Engin
EXPLANATION:
Staff requested and Council approved a $500,000 appropriation from the 2011 Tax Allocation Bond (Capital
Improvement Projects) for the 8th Street Improvement (Palm Avenue to Paradise Valley Road) Project. After reviewing
this particular bond project it was noted that this project is outside of the redevelopment area and therefore it is
requested that the funds be reallocated to other projects within the redevelopment area; Transfer $300,000 to 8th Street
Improvement — Highland to Palm Project and transfer $200,000 to 4th Street Community Corridor Project.
1
FINANCIAL STATEMENT: APPROVED: sue, •finance
ACCOUNT NO. APPROVED: MIS
Transfer $300,000 from account 524-409-500-598-6182 (8th Street Improvement - Palm Ave to PV Road) to account 24-409-500-598-6165 (8th Street
Improvement — Highland to Palm) and Transfer $200,000 from account 524-409-500-598-6182 (8° Street Improvement - Palm Ave to PV Road) to
account 524-409-500-598-6181 (4th Street Community Corridor)
ENVIRONMENTAL REVIEW:
N/A
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION:
Adopt the Resolution.
BOARD / COMMISSION RECOMMENDATION:
N/A
ATTACHMENTS:
1. Resolution